UK Manufacturing slows down towards the end of 2013

Concerns are brewing regarding
the strength of the UK economy particularly in the manufacturing, industrial
production as it slows down towards the end of 2013.

According to latest data from
National Statistics office, industrial production recorded 0.0 percent from a
previous 0.3 percent as oil and gas extraction dropped 3 percent, while edged
up 2.5 percent on the year from a previous of 3.2 percent.

Manufacturing output also
stagnated in November after advancing 2.7 percent in October. On the year,
manufacturing production surged 2.8 percent from a previous of 0.4 percent.

PMI manufacturing cooled down to
57.3 in December from November`s three-year high of 58.1.

Construction output plunged 4.0
percent in November from the preceding of 2.2 percent.

Reports also showed that British
retail industry lost steam in December despite the holiday seasons.

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